TECG acquires Sulá GmbH.

Hoorn (NL), 4th January 2016

The European Candy Group BV (TECG), a holding company (founded by private equity investor Bencis Capital Partners and management) of Continental Candy Industries with production locations in Hoorn, Drachten, Oosterwolde and Boizenburg/Elbe (Germany) has, per 31st December 2015, acquired 100% of Misa Deutschland GmbH the holding company of Sulá GmbH (Sulá).

Sulá is one of the leading sugar-free confectionery manufacturers in Europe and well-known for its high quality products. With the envisaged acquisition of Sulá, TECG intends to further invest in innovation and growth of the group, allowing TECG to accommodate the current and future requirements of its pan-European customer base.

TECG’s ambition is to further expand its leading position in the Western Europe private label and contract manufacturing market, by means of the production, development and sales of private label confectionery products. The company operates in 2016 five production facilities in the Netherlands and Germany. The combined group employs about 575 FTE and realises a turnover in Europe of € 130 million.